Invest In Denmark and Financial Technologies Group sign an MoU under Global Alliance Program

Mumbai - 24 July 2009

Invest in Denmark and Financial Technologies Group (FT Group) signed a strategic alliance to look at business opportunities in Denmark and helping Danish companies and financial market participants connect with Indian and other international markets where FT Group has a presence, in confirmation with respective regulatory and other government compliance.

To this effect, a Memorandum of Understanding (MoU) was signed between FT Group and Invest in Denmark, an investment promotion arm of the Danish Ministry of Foreign Affairs, Government of Denmark, under FT Group’s Global Alliance Program that defines a framework within which they can explore business opportunities and cooperation activities benefiting both the countries.

Invest in Denmark will introduce FT Group to financial associations, trade & investment associations, banks, market makers, clearing companies, finance & economy teams, fund houses, traders, educational institutes, universities and government representatives. The alliance will also look at promoting FT Group’s ventures in the Danish Markets.

The alliance will provide communication and liaison support as quid pro quo initiatives between Invest in Denmark and FT Group in India and in other countries where FT Group has presence. FT Group’s support to Invest in Denmark will be focussed around business verticals related to FT group’s core business activities of transaction technology, exchange business and financial ecosystem.

In the event of Danish companies or organizations seeking the help in identifying business opportunities that may have relevance to FT GROUP, Invest in Denmark will forward these leads with required references. Invest in Denmark will provide FT Group with access to their team in Copenhagen to help get a better understanding of the Nordic region. FT Group will offer support for events and initiatives of Invest in Denmark that are in alignment with its business objectives. The network of financial bodies in Denmark and FT Group may host joint events and seminars promoting business between the two countries.

The FT Group will extend an open invitation to visiting Danish dignitaries including financial market participants, investors, corporates, and others to Exchange Square, the head office of MCX (India’s biggest commodity exchange) and MCX-Stock Exchange (India’s new stock exchange). Invest In Denmark in conjunction with FT Group may release joint case studies, research reports and white papers that would promote business between both countries.

Henrik Brandt Jensen, Regional Director, Invest in Denmark, said, “The Government of Denmark supports an ambitious Danish business strategy to make Denmark the world’s most competitive society by 2015. We are delighted to collaborate with Financial Technologies, whose expertise in creating global financial markets will further strengthen and sustain the pace of growth in Denmark.”

V. Hariharan, Director – Strategy, Financial Technologies, said, “Denmark's financial sector has been ranked world's 4th best in a recent survey by IBM and the Economist Intelligence Unit. Also its unique position as a gateway to the Northern EU markets is attracting increasing international focus. I am sure the alliance with Invest in Denmark will help FT Group create new markets in the high Nordic regions and in turn benefit Danish financial ecosystem to access the emerging markets spanning across Africa, Middle East, India and South East Asia.”

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